The debate on the benefits and costs of public versus private banks is not new. It is more relevant in India today as it seeks to privatise public banks. In light of this, examine the factors driving privatisation of banks in India. 10 marks

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https://indianexpress.com/article/opinion/columns/privatise-public-sector-banks-banking-sector-rbi-nirmala-sitharaman-7219966/
In the intro, mention the proposal of bank privatisation in India.
In the body, mention the various challenges like inefficiency and poor capital allocation plaguing the banking system in India which turns to be the driving factor of India’s decision.
Conlcude by mentioning the need to balance between financial inclusion with efficiency in banking.

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